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FFH is going to bounce like a basketball! H&S pattern too!It appears as though FFH is showing two alternatives, an H&S breaking down, or, sideways trading in a horizontal channel, with a breakout likely happening early 2024. A horizontal channel is a neutral chart pattern that marks investor indecision. Buyers and sellers fight, and it is only at the exit of the horizontal channel that they agree on a direction; either there are more buyers than sellers or there are more sellers than buyers; hence the strong force of the movement at the horizontal channel’s exit. This train has left the station.
TSX:FFH
by satoshi123
1
Long trade to $0.35-0.40 (CAD) and watch for higherNevada Lithium Resources continues to add to and refine their economics. Recent drilling show a dramatic increase in Li-ppm (approx 2x) in their minable zone, and the team is now testing for Li-bearing brines. The Bonnie Claire deposit was ranked #3 world's largest Li-bearing sediment deposit in the world, and they continue to grow and will likely take the #1 spot with infill drilling. nevadalithium.com Current PA demonstrates strong positive CDV and RSI correlating with recent price increase. It is reasonable to expect a rise back to recent highs. This will make the 3rd test of the $0.35CAD resistance level. If and when this level breaks, it could be a blue skies run to $0.71CAD ($150M market cap) and beyond. Considering their NPV of ~$3 billion USD, a 20% market valuation equates to approximately $2.84USD per share or $3.83CAD.
CSE:NVLHLong
by tmcecogeo
CHR(Chorus Aviation) Short Term Investing 1I estimate that CHR share will reach a value of 3.5+- Canadian Dollar within one year (3-12 months), this is a increase of 35%+- Stop loss is around 2.25 CAD Despite the last quarter earnings release being negative, which is the biggest cause for the share dropping to a 2.36 low, the company still looks healthy, the liquidity still good enough (filled my order with 10 seconds just 0.01 above current market price) and debt still firmly managed. I guess there are certain factors that need to be considered, I personally do not know the lifetime of planes in Chorus Aviation's fleet, I will do some research if the lifecycle of these planes are not nearing end of service, could be a red flag but otherwise I see no reason why this share won't reach at least 3.50 CAD. Also at this point its the most deviated from the SP500 trend, very deviated, a reversion might occur. Book value is more than twice current market value. Long-term debt to total equity has decreased in the last 3 years and is better than the industry average. Income covers debt payments. Profit margin in the green. Analysts are on average estimating that the share will hit above 4 CAD, the low estimate is 3.3+- CAD I have bought 2000 shares at 2.64 CAD, that is 3000-4000 dollars, will attempt to hold for one year. We have a nice double bottom forming. Share might be oversold. USA interest rate hikes likely to only increase minimally or slowly from this point if it does increase. Might just leave money even if stock price goes lower than 2.25 CAD, just shift holding term to 3-5 years
TSX:CHRLong
by ricomister
NTR(Nutrien LTD) Short Term Investing 1I estimate that NTR share will reach a value of 100+- Canadian Dollar within one year (6-12 months), this is a increase of 30%+- Stop loss is around 67.00 CAD for one share. I see the market in general that will likely experience more of a uptrend in one year's time because of the USA interest rate hike cycle ending. I see Nutrien performing better because of the war in Ukraine stagnating and farmers slowly returning to their crops, alongside a somewhat easing of geopolitical tensions. The share value is very undervalued or it is at a bargain price. Analysts are on average estimating that the share will hit above 100+ CAD, the low estimate is 100+- CAD The company has had a bad year or so in the past, I see a potential bottom. I have bought 100 shares at 73.70 CAD, will attempt to hold for one year or more or if target price is reached.
TSX:NTRLong
by ricomister
1